Media coverage about Taylor Morrison (NYSE:TMHC) has been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Taylor Morrison earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 45.8312865252691 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- 2018 Best Production Builder: 3-time ‘most-trusted’ homebuilder captures big honors (bizjournals.com)
- 2018 Best Production Builder: 3-time 'most-trusted' homebuilder captures big honors (finance.yahoo.com)
- Taylor Morrison Builds Luxury Homes in Bay Area’s Prestigious Locations (newswire.com)
- Taylor Morrison Opens Sacramento Area Community (builderonline.com)
- Taylor Morrison to Unveil New Model Homes at Roseville Master-Planned Community Event (finance.yahoo.com)
TMHC has been the subject of a number of research reports. Citigroup upgraded Taylor Morrison from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, January 2nd. UBS upgraded Taylor Morrison from a “neutral” rating to a “positive” rating in a research note on Thursday, January 4th. Susquehanna Bancshares upgraded Taylor Morrison from a “neutral” rating to a “positive” rating in a research report on Thursday, January 4th. Wells Fargo upgraded Taylor Morrison from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research report on Friday, January 5th. Finally, Zacks Investment Research downgraded Taylor Morrison from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $28.00.
Taylor Morrison (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, February 7th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.07. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Taylor Morrison had a return on equity of 5.76% and a net margin of 2.36%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 earnings per share. analysts predict that Taylor Morrison will post 2.61 earnings per share for the current year.
Taylor Morrison declared that its Board of Directors has initiated a stock buyback program on Wednesday, January 3rd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
In related news, insider Joseph Terracciano sold 5,788 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $23.97, for a total transaction of $138,738.36. Following the sale, the insider now owns 4,168 shares of the company’s stock, valued at $99,906.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $27.14, for a total value of $40,702,726.48. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.
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Taylor Morrison Company Profile
Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.
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